Who told you I was American? And if I was, how would that negatively affect the numbers that I based my analysis on?
The markets I mentioned, TO/Cowtown/Hongcouver are all deeply fucked, as I said. Between the Beneficial Recipient registry, the empty-homes tax (ho ho ho, the Dippers and their negative-option response survey, love those commie bastards) and an inexorable rise of interest rates in the next 24 months, the gutters will run with the blood of idiots who got into massive debt by borrowing a down payment from mom, buying absolutely as much house in a smoking hot market as they could service, and didn't actually have time to pay off a speck of the principal.
Foreign ownership of residential Real Estate (actually the laundering of smuggled Chinese wealth and Fentanyl/Casino/Slavery/International Crime Money) is done. Smart Money amongst the Foreign Criminal set is already into commercial RE, driving prices up over 20% since the moves by the Dippers to cool the market.
Throw in the fact that the Chinese government is following the money illegally moved out of the PRC and making examples out of the movers and that's gonna go too. Just last month on the Mainland a couple of very prominent rich people made abject apologies about their nefarious activities just before the disappeared from sight and their assets were dispersed.
Nope, Moose-botherers are screwed: the entire Canadian economy was leveraged on the back of a Dutch Tulip Frenzy-Style RE rager, and the bill has come due.